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For the following transaction, answer the questions that follow in accordance with the rules of journalizing and the double entry accounting syste Transaction: Owner invested
For the following transaction, answer the questions that follow in accordance with the rules of journalizing and the double entry accounting syste Transaction: Owner invested $49,000 to start a new business. Which two accounts are affected? Choose one Choose one What kind of accounts are Choose one Choose one ther Do the account balances increase or decrease? Increase Decrease Increase Decrease Do we debitor credit the accounts? Debit Credit O Debit Credit X 5
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